Canadian National Railway (TSE:CNR) Price Target Raised to C$199.00 at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by equities research analysts at Desjardins from C$185.00 to C$199.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 9.29% from the company’s current price.

Several other brokerages have also recently commented on CNR. Canadian Imperial Bank of Commerce increased their target price on Canadian National Railway from C$185.00 to C$198.00 in a report on Monday. National Bank Financial upped their price target on shares of Canadian National Railway from C$173.00 to C$192.00 and gave the stock a “sector perform” rating in a research report on Monday. TD increased their price objective on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Scotia upped their target price on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Price Performance

Shares of TSE:CNR traded down C$0.82 during trading on Monday, reaching C$182.09. The stock had a trading volume of 676,090 shares, compared to its average volume of 1,685,911. The stock has a market capitalization of C$110.46 billion, a PE ratio of 23.99, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$185.25. The business’s 50-day moving average price is C$168.47 and its 200 day moving average price is C$153.20.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The business had revenue of C$4.75 billion for the quarter. As a group, equities analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by corporate insiders.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.